Last week in the FT Martin Wolf sounded a Keynesian battle cry, passionately urging governments to redouble their efforts to use cheap funds to raise future wealth and so improve the fiscal position ...

Any economic theory faces the same tests as any other scientific theory. It isn't good enough to say well, look, it worked this time but didn't seem to that time. A theory needs to be able to explain ...

John Maynard Keynes emerged from the wreckage of the 1930s with an idea that upended economic orthodoxy. When capitalism ...

One election at a time, voters in Europe are tossing out politicians associated with “austerity”. This week, it was national elections in France and Greece, and state elections in part of Germany.

Henry Farrell and John Quiggan make a pretty fundamental point about Keynesian economics -- it's not a mandate for larger government or larger deficits in general: Contrary to the beliefs of nearly ...

The below is a direct excerpt of Marty’s Bent Issue #1086: “Keynesianism doesn’t work because it discards local information.” Sign up for the newsletter here. You can hone in on Keynesianism or zoom ...

John Cochrane does an excellent job outlining the many reasons for Keynesianism’s flagging popularity as a policy antidote for the continuing challenges faced by the U.S. economy (“An Autopsy for the ...

STAMFORD, Conn. (MarketWatch) — I do not subscribe to the conventional economics view of how the world works. If there are two theories that animate the Powers That Be when it comes to defining ...

John Maynard Keynes, the foremost economic father of modern liberalism, argued that governments should spend against the wind, building economic surpluses in times of growth so they could splurge ...

Abstract: Japan’s “lost decade” has turned into two; and Japan is not alone. Staggering amounts of public debt and stagnant economies have become a problem from the EU to the U.S. Despite twenty years ...

Keynesian economics is back. Government spending to stimulate the economy is all the rage and has won the day in Congress. Of course, conservatives are uneasy. “It’s hardly a secret that Obama is a ...